User definable fee structure, variable amounts across a financial year, fee frequencies and allocation for various standards and divisions, exceptions like girl child, scholarships, sponsors, abnormal termination, mid term admissions, student outstanding, late fees and fines, various advances and deposits. Total integration with accounts, fees collection directly updates bank / cash books, support for bank extension counter and other banking formats, check list generation and reconciliation statements. Various modes of payment (Cash / Cheques / Drafts / Pay orders / Credit Cards / Payment Gateways, etc…), multi – currency, online receipt printing supporting fees structure justification etc…
Features
- Invoices can be automactically split for multiple payments.The monthly payment coupon system is well received by parents and administration.
- Audit payment report offers the option to audit debits against credits.
- Advanced accounting aging system for greater control of your past due accounts.
- The invoicing system accommodates interest charges, late fees, fines and includes detailed itemization and associated accounts.
- The ability to report on batch activity in deposit or student sequence.
- Seamlessly updates your balance sheets as~ per daily transactions providing real time accounting
- Has provision’s for defining different criteria for result calculation involving standards, subjects, exam frequency / duration and various formats of result printing.
- Has a fully built in fee assessment and tracking system. Fees and tuition can be pre-defined or miscellaneous fees can be added at any point in time. Fee collection data can be exported and used in external programs and spreadsheets.
- There are built in reports and graphs that show actual payment history, and projected revenue based on applied future fees and tuition.
Configuration / definition / billing
Allows user definable fees, frequencies, period of collection, associated fines and policies as per student, course, gender, and institute. Fee allocation, billing, collections are perfectly integrated with accounts since the student is a debtor as soon he / she is admitted. The module also helps track fees collected in advance, deposits and donations, grants and waivers, exceptional billing and other institutional policies.
Generate Tuition and Fee Transactions
This component sets up the individual tuition and fee charge transactions for each student and keeps complete financial records for every student.
All invoices for multiple students from a family are linked together, improving control and making payment more convenient for the family. Fees can be charged and automatically passed on to your accounting system. Advanced account aging system gives you much greater control of your past due accounts. The statements show all unpaid, partially paid or recently paid invoices, allowing you to readily identify and resolve any billing disagreements.
Summary or detailed listing of paid amounts. Invoices can be automatically split for multiple payments. Accommodates interest charges / late fees / fines and includes detailed itemization and associated accounting.